MADRID, 28 Mar. (EUROPA PRESS) -
Social Security allocated in the month of March the record amount of 11,945.6 million euros to the payment of contributory pensions, 10.8% more than in the same month of 2022, after its revaluation by 8.5% for this year, as reported this Tuesday by the Ministry of Inclusion, Social Security and Migrations.
The Department headed by José Luis Escrivá estimates that pension spending stood at 11.7% of GDP in the last twelve months, the same percentage as in 2022, but lower than in 2020 (12.4% of GDP). year conditioned by the impact of the pandemic on GDP, and also that of 2021 (12.1% of GDP).
In March of this year, 10,019,006 contributory pensions were paid, 0.9% more than a year ago. Of the total pensions, more than 6.33 million were retirement pensions and 2.35 million were widow's pensions.
After the rise in pensions with the CPI applied since the beginning of the year, the average retirement pension increased by 9.7% year-on-year in March, up to 1,372 euros per month.
For its part, the system's average pension, which includes the different types of pension (retirement, permanent disability, widowhood, orphanhood, and in favor of relatives), also increased by 9.7% year-on-year, reaching 1 March of this year. year at 1,192.3 euros per month.